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With a bankruptcy settlement in the multi-million-dollar failure of Blue Mountain Consumer Discount Co. falling far short of what creditors say they're owed, some have set their sights on relatives of the Slate Belt loan agency's owner and former manager in an ongoing effort to get their money back. Five lenders who say they lost $336,000 in the alleged Ponzi scheme filed a lawsuit Monday in Northampton County Court. They allege the families of Blue Mountain owner Dr. Francis J. Cinelli Sr. and manager Walter P. Lambert were unjustly enriched and participated in a fraudulent conspiracy when they accepted benefits paid for with the lenders' money. Both Cinelli Sr., 88,...

Related "Bankruptcy" Articles

With a bankruptcy settlement in the multi-million-dollar failure of Blue Mountain Consumer Discount Co. falling far short of what creditors say they're owed, some have set their sights on relatives of the Slate Belt loan agency's owner and former...

The Donald Trump name will stay in Atlantic City.
Trump reached an agreement Monday with billionaire investor Carl Icahn to allow his name to remain on the Trump Taj Mahal Casino.
Trump and his daughter, Ivanka, had sued the owners of the casino seeking...

Touted with fanfare by city officials and then-Gov. Pat Quinn at the 2011 Chicago Auto Show, a planned network of charging stations for electric vehicles was billed as an environmentally friendly project designed to be the best and largest in the country....

Roger Williams figured that when Lehigh Valley Racquet and Fitness Clubs closed abruptly last year, he was out of luck and out his money."We were members about 20 years," Williams said. "My wife and I were pretty faithful about getting...

Saladworks, the Montgomery County-based restaurant franchise, filed for Chapter 11 bankruptcy protection Tuesday and said it would seek a buyer in an effort to put an end to litigation between its owners.
The Conshohocken company said that the bankruptcy...

ATLANTIC CITY, N.J. — A Florida developer trying to salvage a deal to buy Atlantic City's former Revel casino says the casino's owner told him it has "many" potential buyers.In a Sunday filing with the U.S. Bankruptcy court, a lawyer for...

March Madness is just around the corner and if you're like me, you plan to enjoy some pizza, craft beer and chicken wings while binge-watching the NCAA basketball tournament.
For the latter part of that food equation, I'm eager to try the Lehigh Valley's...

NEW YORK (AP) — Struggling teen clothing retailer Wet Seal is closing 338 stores, about two-thirds of its stores, resulting in nearly 3,700 full- and part-time workers losing their jobs.
The retailer said Wednesday it decided to close the stores after...

A Utah man who allegedly helped former Lehigh County prison doctor Erik Von Kiel create a phony religious medical society to hide his earnings from the government was a no-show for his trial Wednesday.
Robert G. Wray, 50, was due to stand trial on...

Bankrupt electronics retailer RadioShack on Monday said eight stores in the Lehigh Valley area are among hundreds nationwide targeted for closure, including outlets in the Lehigh Valley Mall, South Mall and Palmer Park Mall.The Fort Worth, Texas, company,...

A federal judge in Camden on Sunday temporarily blocked certain terms in the sale of the bankrupt Revel Casino Hotel to Glenn Straub for $95.4 million. An emergency hearing in the matter is set for 3 p.m. Monday.
Sunday's order by U.S. District Court...

PHILADELPHIA — The bankruptcy sale of the shuttered Revel Hotel Casino in Atlantic City, New Jersey, could be threatened by a ruling from a federal appeals court Friday supporting the owners of a former popular nightclub there.The three-member 3rd U.S....

NEW YORK (AP) — Sprint's latest plan for luring new subscribers is to occupy the remains of RadioShack. The long-struggling consumer electronics chain filed for bankruptcy protection Thursday. Part of its plan is for Sprint, the No. 3 U.S. wireless...

Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores.
The Fort Worth, Texas company said Thursday that it was also having discussions to sell all of its remaining assets.
...

ATLANTIC CITY, N.J. — Its sale already stalled and hanging by a thread, things have gotten even worse for Atlantic City's former Revel Casino Hotel as its sole utility supplier said it will cut off electricity, heat and water service to the building on...

ATLANTIC CITY, N.J. — Atlantic City, awash in debt and choking on high taxes, has a state-appointed emergency manager who'll be paid $135,000 a year to, among other things, oversee the mayor, who makes $103,000. The goal: To save money. In response to...

I am taking the loss of A-Treat soda particularly difficult. I have fond childhood memories that were always evoked by the taste of that sweet nectar. As a child, I was served A-Treat birch beer during Thanksgiving and Christmas dinners, while adults...

Melanie Doll may be 4 feet tall, but her dreams and determination know no limit.
The Whitehall Township woman, who has dwarfism, always envisioned herself owning a business. So, over the last few years, she quit her job at a local nonprofit, took...

ATLANTIC CITY, N.J. — Trying to dig Atlantic City out of "an enormous hole," New Jersey Gov. Chris Christie on Thursday appointed a corporate turnaround specialist as the city's emergency manager, and tabbed the man who led Detroit through its...